
South Korea to Reform Struggling Carbon Market as Prices Slump
South Korea will extend participation in its emissions trading system and launch futures products under efforts to boost
1970-01-01 08:00

Drones attack Russian cities near Ukraine border in overnight attack
Russia’s air defence units have shot down two Ukrainian drones flying over Belgorod and Oryol oblasts as Kyiv increases the pace of its counteroffensive against Moscow’s invasion. The drone attacks come as Ukraine overtook two key villages recently and has stepped up counter attacks on Russia. Drone and missile attacks deep inside Russia and on Russia-controlled territory have shot up drastically in recent months, with the Russian defence ministry blaming the “Kyiv regime” for what it calls “terrorist attacks”. While Ukraine has seldom responded to accusations of attacks, it has expressed satisfaction at the destruction of Russian military infrastructure and critical military sites. The drones were shot down at 10.30pm and 11.45pm local time on Tuesday night, the Russian defence ministry said in two separate posts on its Telegram channel on Wednesday. No immediate damage or casualties in the overnight attacks has been reported by the officials of both regions. It said “an attempt by the Kyiv regime to carry out a terrorist attack by an aircraft-type UAV on objects on the territory of the Russian Federation was stopped”. Kyiv has maintained that destroying Russian military infrastructure far away from the war’s frontlines targets Moscow’s war efforts while aiding Kyiv’s own efforts to reclaim land Russia has occupied. Belgorod, roughly 40km away from the Ukrainian border, has witnessed a wave of attacks in the last two months, with the most seen this month. In return, Russia has continued its campaign of air strikes and shelling across Ukraine. The regional governor of Belgorod, Vyacheslav Gladkov, confirmed attacks every day on the territory, stating either unmanned aerial vehicles (UAVs) dropping ammunition payloads in the region or being shot down by Russia’s active air defences heavily concentrated in the bordering city. A day earlier, Russia claimed its air defences shot down two unspecified aerial targets over Belgorod. The governor said initial reports indicated some damage to power lines but no casualties. Last month, three people were killed in a drone attack in Belgorod after another drone had targeted central Moscow. Read More Zelensky urges Trump to ‘not waste time’ and share proposal on ending Russian invasion of Ukraine Ukraine-Russia war – live: Putin ‘weaponising’ food as troops target cargo ship in Black Sea Ukraine ‘has one month to hold knife to Crimea’s throat’ and force Putin into peace talks Zelensky says ‘Russian society has raised a second Hitler’ in attack on Putin
1970-01-01 08:00

Missing ex-NFL player Sergio Brown seen in second bizarre video after mother found dead: Latest updates
A former NFL player is missing after his mother was found dead in a creek behind her home in Illinois. Mystery erupted around Sergio Brown on Saturday after a concerned family member filed a missing persons report for the 35-year-old New England Patriots alum and his mother Myrtle Brown, 73. Myrtle was found dead less than 100 yards from her Maywood home the following day. Her death was ruled a homicide as the Cook County Medical Examiner’s Office found injuries resulting from an assault. The case took a bizarre turn as videos emerged from an Instagram account linked to Mr Brown. In one video, a man identified as Mr Brown claims he’s been kidnapped by law enforcement as he goes on a long-winded rant against “fake news” and the FBI. He also claims that he thought his mother was on vacation. The Independent has not been able to independently verify the account. Maywood police told NBC that the department is aware of the social media account. “Currently this is an active investigation, and the department is unable to share any further details at this time. We appreciate your patience while our agency continues to investigate the matter,” police said. Read More Missing ex-NFL star posts bizarre Instagram about police and FBI after mother found dead in creek Ex-NFL star Sergio Brown and his mother went missing. Police say she was murdered and he has yet to be found
1970-01-01 08:00

Korea’s Biggest Utility Wants Power Price Hikes to Avoid Crisis
Korea Electric Power Corp. is facing an “unprecedented financial crisis” and a normalization of power prices is “urgently
1970-01-01 08:00

Russia is ‘weaponising’ food, energy and children in war on Ukraine, Zelensky tells UN
Russia is weaponising food, energy and abducted children in its war against Ukraine, president Volodymyr Zelensky told leaders at the UN General Assembly in New York on Tuesday. While there are agreements to restrict arms and trade, “there are no real restrictions on weaponisation”, he said. Mr Zelensky was addressing the gathering at a sensitive point in his country’s campaign to maintain international support for its fight. Nearly 19 months after Moscow launched a full-scale invasion, Ukrainian forces are three months into a counteroffensive that has not gone as fast or as well as initially hoped. “We must stand up to this naked aggression today and deter other would-be aggressors tomorrow,” Joe Biden earlier told the assembly. The world must remain united in defending Ukraine, he said, warning that no nation can be secure if “we allow Ukraine to be carved up”. During his address, Mr Biden described the partnerships that the US government was fostering around the globe – from Africa to the Indo-Pacific – as creating economic and other advancements, even as he stressed that those relationships were not about “containing any country” – a clear reference to Beijing. “When it comes to China, let me be clear and consistent,” Mr Biden said. “We seek to responsibly manage the competition between our countries so it does not tip into conflict.” In his 30-minute address, Mr Biden repeatedly emphasised the value of institutions such as the United Nations and international coalitions that have helped the world confront significant challenges such as poverty and disease, as well as echoing his defence of democracy, a common theme of his presidency. “We will not retreat from the values that make us strong,” Mr Biden said. “We will defend democracy – our best tool to meet the challenges that we face around the world. And we’re working to show how democracy can deliver in ways that matter to people’s lives.” There were some notable absences as Mr Biden made his case before the assembly, including Rishi Sunak, French president Emmanuel Macron, Chinese president Xi Jinping and Vladimir Putin. Mr Biden’s message of unwavering support for Ukraine will play out as the US Congress is increasingly divided over providing additional funding for Kyiv. Mr Biden has sought a package of £10.5bn in additional military aid for Ukraine and £6.8bn for humanitarian support. But conservative Republican lawmakers have been pushing for broad federal spending cuts and some of those allied to Donald Trump are specifically looking to stop money to Ukraine. Mr Biden is scheduled to host talks on Thursday at the White House with Mr Zelensky. During his visit to New York, Mr Zelensky spent time at a Staten Island hospital where he awarded medals to Ukrainian military members who had lost limbs. With help from a New Jersey-based charity called Kind Deeds, 18 personnel have been fitted with prosthetic limbs and are undergoing outpatient physical therapy at the hospital. “We all will be waiting for you back home,” Mr Zelensky told them. “We absolutely need every one of you.” Associated Press contributed to this report Read More Russia is ‘weaponising’ food, energy and children in Ukraine, Zelensky tells UN Zelensky urges Trump to ‘not waste time’ and share ideas on ending war in Ukraine Putin ‘weaponising’ food as troops target cargo ship in Black Sea - Ukraine live
1970-01-01 08:00

Brokers Woo Rich Japanese Worth $2 Trillion
Japanese brokerages are gearing up to offer more alternative assets to the nation’s wealthy, who are increasing in
1970-01-01 08:00

Ukraine-Russia war – live: Putin ‘weaponising’ food as troops target cargo ship in Black Sea
At the United Nations General Assembly in New York, Ukrainian president Volodymyr Zelensky accused Russia of “weaponising” everything from food and energy to abducted children in its war against Ukraine. In his first in-person appearance at the annual UNGA since Russia invaded his country in February 2022, Zelensky criticised Moscow for what he said was an “attempt to weaponise (a) food shortage on (the) global market in exchange for recognition of some, if not all, of captured territories.” Elsewhere, he accused Russia of committing genocide by kidnapping Ukrainian children and said Kyiv was working on preparing a global peace summit. “Ukraine is doing everything to ensure that after the Russian aggression, no one in the world would dare to attack any nation,” Zelensky added. “The occupier must return to his own land.” Meanwhile, the UK Foreign, Commonwealth & Development Office has confirmed that Putin’s forces targeted a cargo ship in the Black Sea. “The Russian military’s pattern of targeted attacks against civilian ships demonstrates Putin’s willingness to weaponise food at the expense of the rest of the world”, its statement read. Read More Zelensky urges Trump to ‘not waste time’ and share proposal on ending Russian invasion of Ukraine Ukraine ‘has one month to hold knife to Crimea’s throat’ and force Putin into peace talks How Ukraine’s battle for the Black Sea is inflicting serious pain on Putin’s forces
1970-01-01 08:00

US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount
Home insurance costs that have soared in much of the US may get even higher. Tens of millions
1970-01-01 08:00

Marketing Firm Klaviyo Prices IPO Shares at $30 Each
Marketing and data automation provider Klaviyo Inc. priced its initial public offering above a marketed range to raise
1970-01-01 08:00

Boeing Says China Will Account for 20% of Global Plane Demand
China will account for a fifth of the world’s new aircraft deliveries over the next 20 years, driven
1970-01-01 08:00

Buybacks Surge in One of World’s Worst-Performing Stock Markets
Hong Kong-listed companies are buying the dip in the world’s worst-performing major stock market, ramping up efforts to
1970-01-01 08:00

US Sees Once-in-Generation Shot to Reset Rocky Thai Alliance
Prime Minister Srettha Thavisin has been in office for less than a month, but the US already sees
1970-01-01 08:00